Ok, got my letter today. So, first off there was no $25k lump sum pay out to retirees to help pay for medical costs. What there was was a medicare supplement plan option that you had to pay for and had a 25k max pay out.
It was not a very good plan. The reason retirees bought it was it was mandatory if you wanted to continue to insure your pre 65 year old spouse with the AZ plan, and to also receive AZ meds free. Beginning in 2021 you will need to look for another medicare supplement plan or just get medicare part d to cover your prescriptions and costs medicare doesn’t cover. However, your spouse can still be covered under AZ plans and you will get AZ drugs free for 7 years.
No big deal.